Overview
What is The 400 Foundation Inc?
The 400 Foundation Inc is a nonprofit organization situated in New York, specifically at 132 Odell Clark Place, New York, NY 10030. Their primary objective involves mobilizing churches and other non-profits to engage in economic development, focusing on securing capital and creating job opportunities in both public and private industries. The foundation advocates for expanding economic opportunities for African American individuals and businesses, in response to COVID-19, they collaborated with The Food Pantry Project of The Bronx, NY. In 2020, they organized 185 low-income New Yorkers and paid them $15 an hour to pack food boxes for distribution to hungry New Yorkers. Beyond economic development, The 400 Foundation Inc is also committed to advocating for advanced skills training, black business development, and affordable housing in New York City and New York State.
Official website here: www.the400foundation.org
What do the Facebook reviews say about The 400 Foundation Inc?
100% of 5 reviewers on Facebook recommend The 400 Foundation Inc. Here is a summary of their reviews:
Supporters are enthusiastic about the mission of The 400 Foundation. They highlight its commitment to raising awareness about crucial historical narratives that everyone should know. The organization appears to resonate well with the community, as its efforts are both appreciated and crucial to educating the public.
Overall, the sentiment towards the nonprofit is overwhelmingly positive, with reviewers expressing satisfaction in its ability to bring important issues to light. The impact it has on raising awareness and its educational initiatives are frequently praised, indicating that it effectively fulfills its mission.
This AI summary has been generated from reviews found on Facebook.
Is The 400 Foundation Inc legitimate?
The 400 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. The 400 Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $263,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,167
For more financial information, click here
Official website here: www.the400foundation.org
What is the mission statement of The 400 Foundation Inc?
The 400 Foundation Inc's mission is centered around organizing, mobilizing, and advocating for advanced skills training, black business development, and affordable housing. This mission is carried out in both New York City and New York State. The organization works to engage churches and other non-profits in economic development, aiming to facilitate access to capital and create job opportunities in public and private industries. Additionally, The 400 Foundation advocates with the government to expand economic opportunities for African American individuals and businesses. In response to the COVID-19 pandemic, the foundation collaborated with The Food Pantry Project of The Bronx, NY, organizing low-income New Yorkers to pack food boxes for delivery to hungry residents, paying them $15 an hour for their efforts.
Official website here: www.the400foundation.org
What is the revenue of The 400 Foundation Inc?
The 400 Foundation Inc's revenue in 2020 was $762,854.
Official website here: www.the400foundation.org
Who are the executives of The 400 Foundation Inc and what are their salaries?
The average compensation at The 400 Foundation Inc during 2020 was $3,625. There are 185 employees at The 400 Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.the400foundation.org
Where can I find the form 990 for The 400 Foundation Inc?
The 400 Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.the400foundation.org
Learn more at the official website: www.the400foundation.org
Mission Statement of The 400 Foundation Inc
The 400 Foundation Inc is an organization dedicated to advocating for advanced skills training, black business development, and affordable housing in New York City and New York State. They accomplish this mission by organizing churches and other non-profits to engage in economic development, with a focus on gaining access to capital and creating work contracts or job opportunities in public and private industries. The foundation also advocates with government entities to expand economic opportunities for African American individuals and businesses. In response to the COVID-19 pandemic, The 400 Foundation Inc collaborated with The Food Pantry Project of the Bronx, NY, in 2020. They organized 185 low-income New Yorkers and paid them $15 per hour to pack food boxes for delivery to hungry New Yorkers. This initiative showcases The 400 Foundation's commitment to supporting and uplifting underserved communities.
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Impact
October, 2024
The 400 Foundation Inc has made a significant impact in New York City and State through its focused efforts on economic development, particularly in supporting African American communities. By organizing churches and other nonprofits, the foundation works to increase access to capital and create job opportunities in both public and private sectors. This mobilization not only promotes advanced skills training but also fosters the development of Black-owned businesses, addressing critical needs in the community.
In response to the challenges posed by the COVID-19 pandemic, The 400 Foundation took immediate action by engaging 185 low-income individuals to participate in the Food Pantry Project in the Bronx. By paying these individuals $15 an hour to pack food boxes, the foundation not only provided crucial support to those in need but also created job opportunities during a time of heightened economic uncertainty.
Additionally, The 400 Foundation advocates for policy changes that expand economic opportunities for African Americans, contributing to a more equitable and inclusive environment within the region. Through these initiatives, the foundation plays a pivotal role in enhancing community resilience and promoting economic empowerment.
This information is meant to be a general summary of The 400 Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Program Service Revenue: $627,989
- Gross Receipts: $762,854
Assets and Liabilities:
- Total Assets: $1,034
- Total Liabilities: $11,317
- Net Assets: -$10,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$627,989
Organization Details
Founding Year
2019
Principal Officer
Reginald Bachus
Website
www.the400foundation.orgNTEE Category
Code: Z99 - Unknown
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